Over the weekend, Advantage Federal Credit Union (New York) introduced two new CD Specials: 9-month CD (1.00% APY) and 17-month CD (1.50% APY). The minimum deposit to open either CD Special is $500, with a maximum balance cap of $100K; both CDs require new money to open. According to CSR, the Early Withdrawal Penalty is for either CD Special is a low 30 days interest.

Availability

Advantage Federal Credit Union (AFCU) is a community based credit union, with membership eligibility based on the following:

Although AFCU has a variety of online account management tools, joining AFCU and /or opening a CD requires an in-person visit to any of seven Rochester area branches. As is typical for credit unions, AFCU offers lifetime membership:

When you join Advantage, you become a member for life. A change in employment, retirement, or a move to another location will not affect the status of your credit union membership.

Advantage Federal Credit Union was founded in 1931 to serve the teachers of the Rochester City School District. AFCU is classified as a "multiple common bond - primarily educational credit union," serving 17 educational institutions (including the Rochester City School District and the University of Rochester), multiple healthcare organizations and churches, in addition to the general population of the Rochester area. AFCU currently has over 24,100 members and assets in excess of $218 Million.

Advantage Federal Credit Union is known for being actively involved the community, having established a $100K scholarship fund in partnership with the Rochester Institute of Technology. In recognition of years of community support, AFCU was the recipient of the University of Rochester Medical Center’s Miracle Maker Award for Outstanding Commitment by a Corporation for 2011-2012.

How the CDs Compare

Based on similar length-of-term CDs tracked by DepositAccounts.com, with a $500 minimum deposit and available to New York State residents, Advantage Federal Credit Union’s 9-month CD and 17-month are very competitive.

Interest Rate

CD Length

Institution

1.00% APY

9-month CD Special

Advantage Federal Credit Union

0.91% APY

9-month CD

Doral Direct

0.70% APY

9-month CD

GE Capital Bank

Interest Rate

CD Length

Institution

1.50% APY

17-month CD Special

Advantage Federal Credit Union

1.25% APY

17-month CD

Sunmark Credit Union

1.16% APY

18-month Promo CD

Capital Educators Fed Credit Union

These rates are accurate as of 10/15/2014.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Advantage Federal Credit Union is offering a very competitive 5-year term share and IRA certificate with a 3.70% APY. This is listed in the credit union's share certificates rates page as of 1/24/2010.

The credit union also has a good deal on its Smart Money Checking. The top rate is 2.00% APY as of 1/24/2010 for balances of at least $75K.

Membership is open to those who live, work, worship, volunteer, or attend school in the City of Rochester, New York. Please refer to the credit union's eligibility page for the full...

Advantage Federal Credit Union is offering a special 4.00% APY 4-month term share certificate. The minimum deposit is $500, and the maximum is $100,000. This doesn't seem to be listed at the credit union's website. A reader sent me email on this deal, and I contacted the credit union using their online chat system. According to the CSR, the special will end once they've received a certain level of deposits. She anticipated that it will continue through next week, but there are no guarantees.

Advantage FCU is offering a special 6.00% APY 3-month share certificate. The minimum deposit is $500, and it requires money new to the credit union.

The field of membership includes those who live, work, worship, volunteer, or attend school in Rochester, New York. You can also be eligible via select employer groups and family members. See site for details.

The credit union is NCUA insured. It has $79.8 million in assets and 13,115 members.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.